WEX and bp’s Fleet Card Alliance Might Change the Case For Investing In WEX (WEX)

• In late July 2025, WEX Inc. announced a new partnership with bp to expand its earnify™ fleet fuel card program, filed a US$593 million shelf registration related to an ESOP offering, issued second quarter results showing earnings per share improvements, and outlined upcoming revenue guidance.
• This combination of analyst optimism and business expansion efforts, especially the bp partnership, highlights WEX's ongoing focus on strengthening its fleet services and digital payments presence amid evolving competitive pressures.
• Let's explore how the new bp alliance and expanded fleet card program may influence WEX's broader investment narrative and growth outlook.

AI is about to change healthcare. These 26 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

WEX Investment Narrative Recap

To be a WEX shareholder today, you need to believe in the company's ability to grow by expanding its fleet payment solutions and digital platforms amid a shifting transportation sector and rising fintech competition. While the bp partnership aims to broaden fuel card reach and drive incremental revenue, the biggest short-term catalyst remains the pace of portfolio conversions and new customer wins. Current announcements do not materially impact the critical risk of losing relevance as fleets transition toward electric vehicles.

Among several recent updates, the bp alliance stands out. By extending WEX's earnify™ fleet card acceptance to thousands of bp-branded stations, WEX aims to increase its footprint among U.S. fleets and enhance card value, directly supporting the company’s core focus on fueling transaction growth and integrated payment solutions.

However, despite these efforts to modernize, investors should be aware that intensifying fintech competition could challenge...

Read the full narrative on WEX (it's free!)

WEX's narrative projects $3.0 billion revenue and $441.0 million earnings by 2028. This requires 4.6% yearly revenue growth and a $134.5 million earnings increase from $306.5 million.

Uncover how WEX's forecasts yield a $181.60 fair value, a 7% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community fair value estimates for WEX range widely, from US$181.60 to US$274.32, reflecting input from only 2 perspectives. While some see substantial upside, others remain focused on how competition from fintech and integrated payment platforms may compress margins and influence returns.

Explore 2 other fair value estimates on WEX - why the stock might be worth just $181.60!

Build Your Own WEX Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your WEX research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free WEX research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate WEX's overall financial health at a glance.

Ready For A Different Approach?

Opportunities like this don't last. These are today's most promising picks. Check them out now:

• Find companies with promising cash flow potential yet trading below their fair value.
• Uncover the next big thing with financially sound penny stocks that balance risk and reward.
• The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 20 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com